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Comment by Glench | Hacker News Reader

Well, Bitcoin still doesn't have graftroot so it's 8 months and counting :)

And Lord help me I'm talking about crypto on hacker news but Chia seems just better engineered overall:

  - uses between 300x and 10000x less energy for the same security as Bitcoin
  - has the most number of farmers/validators of any blockchain
  - supports around ~25 transactions per second (as opposed to bitcoin's 5)
  - very efficient and auditable on-chain language (much better than Solidity afaict)

The Chia team did a good job taking everything that works well from Bitcoin while also learning from its shortcomings and improving. Chia is now the table stakes for what other blockchains have to compete with.

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> - uses between 300x and 10000x less energy for the same security as Bitcoin

right, but instead of mostly electricity being poured into mining, now it's hard drive components. It's still the same amount of dollars (resources) poured into mining. The only difference is shifting it from opex to capex.

>- has the most number of farmers/validators of any blockchain

valid point, although I wouldn't really chalk it up to it being "better engineered". bitcoin supports validation at the miner level (ie. you can do the validation, rather than trusting/relying on the pool) as well via getblocktemplate. It's just not widely adopted for whatever reason.

The biggest problem with chia is still that Bram owns almost all of the tokens.

I see no reason to donate to his personal charity.

Incorrect. Please see https://twitter.com/0xfreddieC/status/1457289838470782978

Disclaimer; I run a Chia blockchain explorer

Why comment "incorrect" on a factually true statement?

It's fine that you believe the dev is a nice person and will never dump on you, but they absolutely do hold a vast majority of issued chia.

You said Bram owns almost all the coins. That is not true.

https://www.chia.net/whitepaper/

Pages 18-21

You could say that he is on the board that manages the pre-farm but that is not the same thing.

In the same paper they detail plans to sell shares of Chia network inc (of which Bram is CEO/chairman/owner) to retail investors through an IPO.

Selling coins or selling a company that holds coins. Whatever, it's all dumping.

> ~25 TPS

Still a couple orders of magnitude away from being a significant difference.

It's easy to build something better engineered when you don't have an installed base. Getting adoption is the hard part. Chia is doing pretty well for a new chain but we'll see what happens long term.

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